RSS AUD/USD Forecast for December 24, 2024

Currently reading:
 RSS AUD/USD Forecast for December 24, 2024

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
9,909
Likes
1,923
Credits
33,522©
Cash
0$
The Australian dollar was unable to break above the resistance level of 0.6273 after bouncing back from the lower boundary of the descending price channel. Currently, the price seems to be heading toward the critical point where the target level of 0.6171 meets the lower boundary of the price channel.

analytics676a1e4ecbc2a.jpg


Breaking below this level will enable the pair to continue its movement toward 0.6077. In the four-hour timeframe, the signal line of the Marlin oscillator has reversed from the neutral zero line twice.

analytics676a1e5e676d4.jpg


After reversing from the 0.6273 level, the price has not made any further attempts to return to that point. Indicator lines are steadily declining, and we anticipate the price will reach its first target at 0.6171.

The material has been provided by InstaForex Company - www.instaforex.com
 
Status
Not open for further replies.
Tips
Top Bottom